Firstsource Solutions Ltd – Technical Analysis (IT/BPO Sector)

Technical View:

Price recently bounced from ~350 zone and closed strong near 367, forming a bullish engulfing-like candle. The short-term EMAs 10 above 20 EMA are now turning upward, signaling a possible trend reversal from bearish to neutral-bullish. A breakout above 372–375 could open up a move toward 385 → 400. Support sits at 352, deeper support near 340. Volume expansion on green candles shows buyers re-entering after prolonged sideways chop. Structure: – Higher lows forming since late Oct → early uptrend – Price above short EMAs → momentum positive – Still below a major supply zone at 390–400